Author: LMI Newsdesk
The transaction secures the benefits of all the 100 deferred members and 382 pensioner members in the BDO ES Pension Scheme as well as all 191 deferred members and 330 pensioner members of the BDO Pension Scheme.
£1m bulk purchase annuity buy-in, completed in June 2025, insures the benefits of all members of the scheme.
The buy-in insures the benefits of the remaining 105 uninsured members of the Scheme.
The latest Milliman Pension Buyout Index shows that during July, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process inched down from 100.2% to 100.1% of a plan’s accounting liabilities.
The transaction, completed in July 2025, included a £620m in-specie asset transfer of UK and US corporate bonds and UK gilts.
The transaction completed in March 2025 and secures the benefits of all 679 scheme members, comprising 299 pensioners and dependents as well as 380 deferred members.
The transaction, which covers around 190 deferred and pensioner members, builds on a previous buy-in completed with L&G in 2012 that covered approximately £23m of pensioner liabilities.
The transaction, completed in June 2025, insures the benefits of all 249 members, 124 deferred and 125 pensioners.
$4bn longevity risk transfer agreement covers approximately 96,000 policyholders with The Prudential Insurance Company of America.
The deal closed in July 2025 and covers the benefits of all c. 6,500 members of the Section, who were previously employed by Sedgwick Group.